1983 (1) TMI 46

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....s an appeal u/s. 269H of the I.T. Act against the judgment of the Appellate Tribunal passed u/s. 269G. The facts are these:- Property No. 96, Tagore Town, Allahabad, was transferred on 31st October, 1973, by Hansraj to K. K. Agrawal, son of Rani Prasad Agrawal, and Smt. Prem Kumari Agrawal, wife of Rani Prasad Agrawal. The apparent consideration shown in the sale deed was Rs. 43,500 for the por....

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....on land and building method. Aggrieved by this order, two appeals were filed before the Income-tax Appellate Tribunal, Allahabad, being numbered as 20 and 21. These appeals were allowed on December 29, 1975. Being dissatisfied, the Commissioner has preferred these two connected appeals. The learned counsel for the Department contended that the Tribunal was in error in holding that the apparent ....

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....port of the valuer, the Tribunal has given several reasons One of them being, that the valuer had committed an error in taking the mean of two methods, land and building and capitalisation. It has been found as a fact that the building in question was not tenanted. Accordingly, the annual value of the property in question could not be found. Not accepting the valuer's report does not appear to be ....

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.... was situated was at the fag end of the Tagore Town Extension Scheme and some of the houses were old and dilapidated. The area was under process of development and just opposite to this property across the road, there was high embankment for the railway track and the land was water-logged. The disputed property was found to be subject to similar disadvantages. Apart from the above the Tribunal ....